Sentences with phrase «better than the lender»

This may be better than the lender repossessing and selling the house, as repossessed houses can often sell for less than their market value.

Not exact matches

The good news is that lenders have opened the spigot in the past few years, and more capital is flowing to companies than it did during the Great Recession.

Spearheaded by more than two dozen lenders and small business advocacy organizations, including Lending Club, Funding Circle, the Aspen Institute, and the Small Business Majority, the bill requires transparency about pricing and fees, fair treatment of borrowers and responsible underwriting, as well as clear language and easy - to - understand terms.

There's a level of transparency that banks must now obey, Cramer said, adding that U.S. lenders and their balance sheets are currently «better off» than they were 10 years ago.

Non-bank lenders are more willing to accept risk, so the odds of getting funded are better than they would be at a bank.

Because banks and other lenders shy away from borrowers with less than a 25 % down payment as higher - risk clients, mortgage insurance gives people with smaller down payments a better risk profile.

What's more, some lenders are better able to meet one type of financing need better than others.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

(Reuters)-- Shares of OnDeck Capital Inc (ONDK.N) soared on Tuesday after the online lender reported better - than - expected quarterly profit as it set aside less money for bad loans, and managed to keep costs lower.

It offers significantly better rates and terms than any payday or no credit check lender — loans from these lenders can carry APRs in excess of 200 %.

While APRs start higher than at other lenders, Kabbage has no minimum credit score requirements to apply, so it can be a good source of funding for small business owners with poor to fair credit.

When shopping around for the best mortgage, it's a good idea to meet with more than one lender.

While it's possible to get low rates with a private lender — perhaps better rates than what you would get with federal loans — it's important to realize that the low advertised rate isn't guaranteed.

Alternative lenders are also a better choice if you need a smaller loan amount (i.e., $ 50,000 to $ 200,000), but need more than a microloan.

However, FHA loans are also a good option if your credit score is above 580 but you want to make a smaller down payment than allowed by a conventional lender.

Having more than one person guarantee the loan reduces the risk that a single person will have to fulfill the entire guarantee, which is good for both the lender and the borrowers.

For this reason, numerous private lenders offer student loan refinancing.By refinancing a student loan, borrowers might be able to choose a better interest rate and repayment plan than they have on their existing federal and private student loans.

However, TD Bank does do a better job than most in showing you how mortgage points and lender credits affect the relationship between monthly payments and closing costs on a mortgage.

If you're looking to finance an equipment purchase, particularly for expensive equipment, Currency is a good option as they have more competitive terms than other alternative lenders.

To help you with this decision, we've researched more than 30 different lenders and compiled a list of some of the best small business loans available.

Based on how much money you want and when you need it, different lenders will be better than others.

Individuals seeking a mortgage loan should consider factors or circumstances that may make a mortgage lender a better choice than a traditional bank.

While you will need to be a member of the credit union, you can typically borrow anywhere from $ 500 to $ 35,000 or more with long terms and better rates than what you may find at an online lender or bank.

And as that credit continues to improve a bank or lender will continue to see you as an even «better borrower» than you were before.

At LendingClub, you won't be required to put up collateral for loans under $ 100,000, and the lender has better terms than many other alternative lenders, with maturities up to 5 years and APRs starting at 7 %.

For more than 20 years, PNC Business Credit has been a consistent, reliable lender to mid-sized companies through good and bad economies, in a variety of scenarios.

Although it doesn't have the best reputation in comparison to smaller lenders, partially due to the high volume of loans and customers using the service, Wells Fargo originated more than $ 1 billion in mortgage loans in Utah, making it an option worth considering.

However you spend it, we can both agree that it's better to put that money into your own pocket than the lender's pocket.

Not only are mortgage lenders approving more purchase and refinance loans than during any period this decade, but there is a growing number of low - and no - downpayment programs for today's first - time and repeat buyers to use; and for investors to use, as well.

For more than 20 years, we have been a consistent, reliable lender to mid-sized companies through good and bad economies, in a variety of scenarios.

While Avant and OneMain Financial offer very similar loan products, there are some scenarios in which one lender is a better choice than the other.

If you take out more than one loan in good standing, the lender will reduce the origination fee and potentially even your interest rate.

But overall financial conditions are arguably a good deal more restrictive than suggested by policy rates, especially in the United States, where the interest rates paid by many borrowers have not declined much, if at all, and lenders have toughened their standards considerably.

But it's also a good deal for lenders because they earn a higher return than they can through a savings account or certificate of deposit.

That level of engagement with the VA loan program means the company is better - prepared and more knowledgeable in this specialized area of home financing than your standard mortgage lender.

Credit unions and online lenders generally offer better interest rates than traditional banks.

Veterans United offers better VA loan rates than major banks like Wells Fargo, but it falls a little short of the best mortgage rates at non-bank VA lenders.

If your lender or collector knows that you could pay something on a defaulted loan, that's a lot better to them than nothing.

«Some of the best independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan,» Gallegos points out.

Online auto lenders have become extremely competitive and, if you have good to excellent credit, chances are you can still find a rate that is lower than your dealer's rate.

Using the service probably won't be better in terms of payment than many traditional banks or alternative lenders but it doesn't hurt to see what you qualify for.

Barclays on April 26 reported a net loss of 540 million pounds for the first quarter, as fines and legal costs from misconduct issues cancelled out a better - than - expected performance from the British lender.

Rates at Citizens Bank are also similar to, and in some cases, better than rates offered by other banks and online lenders.

«Lenders must have regard to their own cost of funding from savers, and also from wholesale sources (where LIBOR [London Inter-Bank Offered Rate] is a more relevant indicator of cost than the bank base rate), and the level of margin they are seeking to achieve, as well as their view of how rates may move in the future and how this may affect future pricing.»

To better their survival chances, entrepreneurs and owners of small businesses in rural areas must successfully pitch their ventures to «faraway, unknown banking officials» rather than relying on local lenders as in the past, according to a Baylor University study.

Auto financing for bad - credit customers is available through a traditional car dealer, but because your low credit score already dictates that you will pay a higher interest rate than consumers with good credit ratings, obtaining bad credit car financing through the dealership will be even more costly than through your bank, credit union, or a sub-prime lender.

The combination of low rates and flexible terms allows our customers with a good credit rating to get a low monthly payment, often much less than they expect.FINANCING FOR POOR CREDIT - We have lenders that can help you.

Having a close relationship with more than 20 lenders, you stand a better chance of getting the loan you need to buy a new car.

Lenders who approve loans for people who have low credit scores and can not demonstrate that they have a stable income are taking a larger risk than when they lend to people with better credit histories.

These lenders have less overhead than a traditional banking establishment, and they love to pass the savings on to you by giving you better rates and friendlier repayment terms.